Cognizant puts further pressure on employees, cuts bench time to 35 days from 60 – ET Now

The Nasdaq-listed IT services firm has cut the bench time to 35 days from 60 days earlier for those staff members who aren’t on billable tasks. Previously, employees sitting on bench used to get more time to discover projects within their company units or in the larger business pool. Previously, Cognizant in a post-earnings conference call with the experts, stated it would remove 10,000-12,000 mid-to-senior employees from their current functions, and reskill and redeploy about 5,000 those affected.

The Nasdaq-listed IT services firm has actually cut the bench time to 35 days from 60 days earlier for those staff members who aren’t on billable jobs. Earlier, staff members sitting on bench used to get more time to discover tasks within their company units or in the larger business swimming pool. Previously, Cognizant in a post-earnings conference call with the analysts, stated it would remove 10,000-12,000 mid-to-senior workers from their existing roles, and reskill and redeploy about 5,000 those affected.